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NYC Actuary Said to Seek Lower Pension-Fund Rate of Return of 7% from 8%
Bloomberg; subscription required 
Jan. 12, 2012 "In the 10 years through June 2010, America's biggest state pension systems -- battered by the Internet stock bubble, the financial crisis of 2008 and the longest recession since the Great Depression -- earned an annualized return of less than 4 percent, according to data compiled by Bloomberg." MORE >> |
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